Foreclosure

The Euro Working Group gave the green light on Friday for the completion of the third bailout review in principle, but property auctions are still causing concern as they are seen as crucial to determining the course of Greek banks and whether or not a new recapitalization will be required.

Greece's parliament on Monday passed a swathe of reforms demanded by international lenders in exchange for fresh bailout funds, a success for the government but a blow to thousands of people protesting outside./ Reuters

Online auctions related to overdue debts to the state will begin on May 1, according to an amendment tabled in Parliament on Friday that puts an end to conventional auctions from now on.

Ferry services in Greece were halted for 24 hours on Jan. 12 as unions stepped up protests against a new austerity bill that will limit the right to strike and speed up property foreclosures.

Thousands of Greek protesters marched in central Athens on Friday against new reforms, including restrictions on the right to strike, that Parliament is set to approve next week in return for bailout funds.

In the first major industrial upheaval of 2018, the shutdown of the Athens metro, used by some 938,000 commuters daily, caused traffic gridlock in the city of 3.8 million people.

The Athens subway came to a standstill on Friday as Greeks protested against new reforms that parliament is set to approve on Jan. 15 in return for bailout funds, including restrictions on the right to strike, according to Reuters.

Protesters take part in a demonstration against property foreclosures outside a court in Athens on Wednesday. The placards read 'No to the crime of foreclosures.' Property auctions at Greek courts were suspended again yesterday - until the end of the month - following a decision by notaries who claim to have come under attack from anti-austerity protesters for simply doing their job.

A multi-bill stretching to more than 400 pages was submitted to Parliament on Tuesday as the government seeks to tie up the third review, leaving just one more inspection by the institutions before the current bailout program ends in the summer.

A multi-bill stretching to more than 400 pages was submitted to Parliament on Tuesday as the government seeks to tie up the third review, leaving just one more inspection by the institutions before the current bailout program ends in the summer.

The state and the social security funds will begin online auctions of debtors' assets in March, while total debts to the state at the end of November exceeded 100 billion euros according to data published on Monday.